Strong drop in Asian and European prices on Friday
- Gas
- January 18, 2021
European gas prices dropped significantly on Friday, both on the spot and the curve. The drop seems to have triggered by the fall in Asian gas prices. Indeed, JKM spot prices dropped to €76.287/MWh on Friday, -16.43% day-on-day. Baseload spot power prices on the Japan Electric Power Exchange rebounded to €779/MWh on Friday (up from €385/MWh on Thursday), but still below the €1220/MWh reached on 11 January. Lower coal prices provided additional downward pressure.
On the pipeline supply side in Europe, Russian flows were almost stable on Friday, at 317 mm cm/day on average (compared to 318 mm cm/day on Thursday). Due to an outage at the Oseberg field, Norwegian flows were lower, averaging 330 mm cm/day, compared to 340 mm cm/day on Thursday.
Share this news :
You might also read :
China has achieved a record trade surplus of $676 billion in 2021, thanks to the strong recovery in global demand for materials (steel), consumer goods…
March 4, 2021
European curve prices down
European spot gas prices were mixed again yesterday, torn between the opposite impacts of lower temperatures and higher LNG supply. Once again, the trend was…
July 29, 2021
EUAs rose alongside the stronger energy complex
The power spot prices plunged in northwestern Europe yesterday amid forecasts of surging wind output, stronger solar generation, slightly improved French nuclear production and weaker…
Subscribe to our newsletter